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Politics : I Will Continue to Continue, to Pretend....
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To: rich evans who wrote (20085)5/20/2006 5:43:28 PM
From: Brumar89   of 35834
 
OK, I understand what you're saying about the non-marketable secutities in the trust fund - but the non-marketable bonds will be redeemed by floating other bonds which will be sold - unless we redeem them out of general taxes which is what you're assuming. The latter seems unlikely to me. Anyway either way there is a big economic problem.

Will immigration solve it. Probably not.

I am more optimistic.

A lower standard of living is in the cards. Tax increases will hurt the economy/employment and result in less revenues. Compare Ireland, Hungary , Estonia, Slovakia ,Czech with the France, Germany etc. The low tax rate countries are growing and creating wealth. That is our only hope. We must grow the economy and create wealth to fund these obligations and also try to rationalize them to cut down expense of these obligations.

Yes, we do need to grow the economy, but I see the need for more immigration as being part of that.
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